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clock Created with Sketch. 11/11/17
21:15
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Originally posted by sharman
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The majority of Twiggy's wealth is tied up in his shares, so even he is going to suffer. It won't be long and he will no longer be classed as a billionare. He derives his income from dividends and i doubt there will be any more dividends paid out. Luckily he has used some of his dividend money to purchase dairy and beef assets. These will hold him in good stead, but he will no longer be classed as a billionare as fmg's share price continues to slide into the abyss. His Fmg shares may well end up worthless. It's a real pitty he has been so reluctant to do a capital raising. But as he holds around a third of fmg's shares he doesn't want to dilute his own wealth. But I fear it is this one mistake and that massive mistake is an absolute refusal to dilute his own shareholding that will ultimately be his undoing.
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How wrong was I lol. FMG have survived and thrived. And im stoked they have. They have paid down a substantial amount of debt and continue to deliver strong dividends. Congratulations to Twiggy and FMG.
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